Cut taxes and you create jobs. Cut taxes and you create jobs. Cut taxes and you create jobs...Say it over and over and it becomes true. Never mind that supply-side reasoning sets basic economics on its head and argues that it's not demand that drives employment, it's low taxation. Cut taxes, create jobs, end of story. It helps that the argument behind supply-side economics almost seems logical; if taxes are lower, businesses can afford to hire more. I say "almost logical" because that's the problem -- it fails to consider history and the facts, considering instead the world the way supply-siders wish it was. It isn't rational.
Demand drives job growth, because employers hire people they need. More demand, more need for workers. A bakery that can't keep up with demand for its bread hires more bakers. It will not hire more bakers than it needs. And if taxes are so low that the bakery is flush despite weak demand, they still won't hire more bakers if they don't need them. Who's going to hire employees to sit around and do nothing, simply because you can afford to? You take that extra money and you put it where it belongs -- in your pocket. You're a business, not a jobs program or a charity...[CLICK TO READ FULL POST]
